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Loan Modification

: Loan Modification & Home Loan News

Mortgage Broker Fined $70,000 and Loses License For Scams

By Moe Bedard

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The leader of a mortgage-fraud scam that kicked back $8 million to brokers and buyers has permanently lost his real-estate license and has been fined $70,000. In a decision issued last week, Administrative Law Judge Ted Krum reich found Jerold Minney of Kingdom Building Advocates responsible for a scheme that involved 105 home sales during 2006 [...]

Full post as published by Loan Modification & Home Loan News on February 18, 2010 (boomark / email).

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